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Wal-Mart plans to spend US$50 bil. as part of new 'buy American' push

Reuters
January 17, 2013, 12:10 am TWN

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NEW YORK -- Wal-Mart Stores Inc. will buy an additional US$50 billion in U.S.-made products over the next decade in areas like sporting goods and high-end appliances in what the world's largest retailer called a bid to help boost the U.S. economy.

Wal-Mart, the largest private employer in the United States, also said on Tuesday it plans to hire 100,000 newly discharged veterans over the next five years, at a time when the U.S. unemployment rate is at 7.8 percent.

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